portofoakland – Page 3 – Pacific Maritime Magazine

27 Jun

Port of Oakland Full Container Volumes Plunge

Mark Edward NeroNews, News Briefs, PMM Online Newscontainervolumes, portofoakland, TEUs

The number of total full TEUs that Port of Oakland terminals moved last month was down significantly compared to May of 2022, newly released data from the port show. Oakland posted a 22.7% drop, with 134,398 TEUs. The statistics, which were released June 22, also show that full imports fell 28.2% in June, with 70,887 TEUs processed by the port, versus 98,792 TEUs in May 2022. “Importers continued to favor East Coast and Gulf Coast ports last month due to the remaining uncertainty around contract negotiations between the International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA),” the…

23 May

Port of Oakland Amends TraPac Lease to Include Green Cargo Handling Equipment

Karen Robes MeeksNews, News Briefs, PMM Online Newsportofoakland, TraPac

The Oakland Board of Port Commissioners has altered terminal operator TraPac’s lease to include sustainable improvements to cargo handling equipment at its facilities, a major step in greening operations, the port announced May 18. The amendment marks the first time the port is adding language to a terminal operator’s lease that cargo handling equipment be updated to lower pollution. “This landmark lease agreement will bring the port closer to its goal of achieving zero emissions operations,” port Executive Director Danny Wan said in a statement. The port is incentivizing TraPac’s efforts, offering to reimburse the terminal up to 35% (or…

04 Apr

Cargo Volumes Down at Port of Oakland

Karen Robes MeeksNews, News Briefs, PMM Online Newsportofoakland, TEUs

Overall cargo volumes fell by 14.1% year over year at the Port of Oakland in February, a result of high inventory levels and soft retail sales, according to new data released March 24 by the port. Internal data show that the Northern California seaport moved 113,814 TEUs in February, a 14.1% drop from the same time a year ago when the port moved 147,620 TEUs. Loaded imports tumbled 32% year over year in February to 58,073 TEUs as shippers shift more of their market share away from West Coast seaports to East and Gulf Coast ports. Meanwhile, loaded exports fell…

28 Mar

Oakland Port Mandating Zero Emissions Plans for Cargo-Handling Equipment

Karen Robes MeeksNews, News Briefs, PMM Online Newsportofoakland, zeroemissions

Tenants who operate cargo-handling equipment at the Port of Oakland will now need a plan to convert that equipment to zero-emission equipment, according to a new environmental ordinance approved March 9 by the Oakland Board of Port Commissioners. Under the ordinance, tenants are required to submit an equipment conversion plan by Dec. 31. “The entire port board is committed to decarbonizing operations at port facilities,” Port Board President Barbara Leslie said. “This ordinance calls for our seaport tenants to develop a plan to reach zero emissions from cargo-handling operations.” Members of the port environmental staff are expected to look over…

24 Jan

Cargo Volumes Down at Port of Oakland

Karen Robes MeeksNews, News Briefs, PMM Online Newscargovolumes, portofoakland, TEUs

Port of Oakland cargo volumes were down in December as well as 2022 as a whole when compared to the year prior, according to data released by the port Jan. 17. Overall cargo last month fell 8.1% year over year with 123,868 loaded TEUs. Full imports tumbled 17.1% year over year with 65,566 TEUs while full exports were up 4.6% with 58,302 TEUs from December 2021, port data show. For 2022, the Northern California seaport moved 2.3 million TEUs, an estimated 4% drop from 2021. High domestic inventory from softened consumer demand and declining freight rates are affecting cargo numbers,…

17 Jan

Port of Oakland Touts Carbon-Free Energy Use

Karen Robes MeeksNews, News Briefs, PMM Online Newsportofoakland, portutility, renewableenergy

Nearly 67% of the Port of Oakland Utility’s power comes from carbon-free energy sources, the Northern California seaport announced Jan. 12. The Port Utility supplied nearly half of its power from renewable resources, higher than California’s average of 33.6%, according to the 2021 Port Utility Green Power Portfolio, which is annually submitted to the California Energy Commission. Of that 49.9%, 21.9% came from solar energy, 18.4% from wind power and 9.4% from biomass and biowaste (9.4%). Large hydroelectric sources also accounted for an additional 8.7% of energy and solar added 8.3%, for a total of 66.9% in green power, the…

03 Jan

Overall November Cargo Drops at Port of Oakland

Karen Robes MeeksNews, News Briefs, PMM Online Newscontainervolumes, portofoakland

The Port of Oakland saw its overall cargo volumes in November fall by double digits year over year, according to data released by the port Dec. 28. The Northern California seaport processed 131,929 loaded TEUs overall, a 15% drop when comparing this past November to November 2021. Full imports in November 2022 tumbled by 17.4% year over year with 68,646 TEUs, while exports dipped by 12.3% to 63,283 TEUs. Meanwhile, empty containers soared 75.6% in November compared to the same time the previous year. The port is attributing the softening numbers to weakened demand, declining ocean rates, continued canceled sailings…

18 Nov

October Cargo Volumes Rise at Oakland Seaport

Karen Robes MeeksNews, News Briefs, PMM Online News, Terminal Operationsportofoakland, TEUs

The Port of Oakland saw its cargo volumes rise 5.9% in October compared to the same time a year ago, handling 145,868 loaded TEUs, according to new data released by the port Nov. 17. The Northern California seaport also reported a 4.8% uptick in loaded exports with 66,408 TEUs and 6.7% jump in full imports with 79,459 TEUs last month compared to October 2021. Even with last month’s cargo gains, it’s “insufficient to reverse the declines from earlier this year,” with long-term indicators forecasting overall declining import cargo numbers, the port declared in a statement. Declining freight rates and high…

15 Nov

Port of Oakland’s Bond Rating Affirmed

Karen Robes MeeksNews, News Briefs, PMM Online News, Terminal Operationsoaklandseaport, portofoakland

The Port of Oakland’s A+ rating for outstanding senior bonds and A rating for outstanding Intermediate Lien and underlying bank bonds have been affirmed by Fitch Ratings, which also said the rating outlook on all bonds is considered stable, the port said Nov. 14. “These ratings reflect continued commitment to prudent financial management and stability,” port Executive Director Danny Wan said. “They represent great dedication and professional excellence by our port staff and the port board.” The Northern California seaport’s ratings reflect the port's various streams of revenue, which include aviation, commercial real estate, maritime and utilities, according to Fitch.…

04 Nov

Port of Oakland, Lawmakers Meet with Supply Chain Stakeholders

Karen Robes MeeksNews, News Briefs, PMM Online News, Terminal Operationsagricultureshipping, portofoakland, supplychain

Congressional lawmakers and federal and state officials talked about port bottleneck challenges at a congressional supply chain stakeholder meeting hosted this week at the Port of Oakland, the port revealed Nov. 2. The meeting, which took place in Jack London Square, was helmed by Rep. Jim Costa (D-Fresno) and Rep. Mike Thompson (D-Napa) and featured Rep. Barbara Lee (D-Oakland) and Rep. John Garamendi (D-Fairfield). “During the pandemic, international trade on the California coast was disrupted in an unprecedented way,” Lee said. “We know how much these delays have harmed California’s critical agricultural industry and those who rely on these producers.…